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Major card schemes set for simpler e-commerce via EMVCo’s Secure Remote Commerce
The major payment networks Visa, Mastercard and American Express say they are preparing for a better online payments experience by backing the EMVCo Secure Remote Commerce specification (SRC). The specification, announced in November, establishes the technical framework for enabling consumers to use their payment cards across channels more easily than current protocols allow. For example, a [...]
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What EMV payment tokenization 2.0 means for the payments industry
Technical body EMVCo launched version two of its EMV Payment Tokenisation Specification – Technical Framework in September. The market has evolved rapidly since v1.0 was launched in 2014 to address the needs of digital payments including e-commerce, and minimize the fraud risk associated to an exposure of primary account numbers (PAN) – so v2.0 has [...]
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New FIME tool qualified by EMVCo for Level 1 Testing
FIME has completed its EMV Level 1 testing portfolio with the launch of EMVeriPOS. The new tool ensures that the communication between payment terminals and contact EMV chip cards is in line with EMVCo’s Level 1 Contact Protocol Specifications. This enables terminal and mobile point-of-sale (mPOS) vendors in any market around the world to increase efficiency [...]
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